Liffe blasts "anti-competitive" CME

Euronext Liffe executives blasted a new rule implemented by Chicago Mercantile Exchange (CME) that limits the movement of open interest in Eurodollar futures from CME to Liffe.

Liffe has written to Commodity Futures Trading Commission (CFTC) to protest against the rule change, which it deems anti-competitive. Sources close to the exchange indicated the matter could escalate into a major row.

CME announced a week ago that it had implemented a new...